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Group technology in context of the product classification

Debnárová L, Krchová D, Kuric I.

Advances in Science and Technology. Research Journal

2014

Vol. 8, nr 21

78--81

In the intensive competitive environment of the global economy, the survival of even the most well-established the world manufacturers depends on the ability to improve continuously quality while reducing costs. The resulting higher productivity is the key to market leadership and gaining sustainable competitive advantage. This paper outlines a group technology and classification of products which improve productivity, quality, inventory management of a company and reduce production times.